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zero coupon bond

DEFINITIONS OF: zero coupon bond

1

n a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond; the commonest form of zero-coupon security

Synonyms:
zero-coupon bond
Type of:
bond, bond certificate
a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
zero coupon security, zero-coupon security
a security that makes no interest payments but instead is sold at a deep discount from its face value
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